Factor Proportions and the Structure of Commodity Trade

# Factor Proportions and the Structure of Commodity Trade > OpenAlex Metadata Hub · https://openalex.org/W1969652086 ## Bibliographic - **DOI:** 10.1257/000282804322970715 - **Year:** 2004 - **Citations:** 598 - **Open Access:** No (closed) - **License:** — - **Source:** https://doi.org/10.1257/000282804322970715 ## Authors - John Romalis ## Abstract This paper examines how factor proportions determine the structure of commodity trade. It integrates a many-country version of a Heckscher-Ohlin model with a continuum of goods with Paul R. Krugman's (1980) model of monopolistic competition and transport costs. The commodity structure of production and bilateral trade is fully determined. Two main predictions emerge. Countries capture larger shares of world production and trade of commodities that more intensively use their abundant factors. Countries that rapidly accumulate a factor see their production and export structures systematically shift towards industries that intensively use that factor. Both predictions receive support from detailed trade data. ## Keywords Economics, Monopolistic competition, Commodity, Production (economics), International economics, International trade, Monopoly, Microeconomics, Market economy ## Concepts - Economics - Monopolistic competition - Commodity - Production (economics) - International economics - International trade - Monopoly - Microeconomics - Market economy --- *Metadata only — full text not imported unless Open Access license permits.*

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